Search results

Hey Start-up, check out this example and explanation from API magazine.. although their labelling of the rows makes it a little confusing! Rent income is one row, and tax refund cheques is another row ;)

Are you sure about that? All expenses are a direct tax deduction?? From what I understand your net "paper" loss (including depreciation) is used to calculate your tax return from neg gearing. So for a total expense of $23,660 and rental income of 52 x 319 = $7,072 loss.. lets guess $5k...